One from American Express® Rewards Earning Details
Bonus: $50 bonus when the first time using the Card
Total Estimated Rewards Earnings Annually: $204.19
One from American Express® Review:
One from American Express® is designed for those with good or excellent credit who plan to take advantage of the unique Savings Accelerator Plan.
Through the Savings Accelerator Plan, cardholders earn a cash rebate of 1% on all eligible purchases. The rebates are deposited into an FDIC-insured, high-yield savings account in the cardholder's name with a competitive Annual Percentage Yield (APY), currently 4.00% (variable rate as of 2/4/08). Plus, $50 will be deposited into the savings account after the cardholder makes their first purchase.
Aside from the cash rebates, this card provides benefits and services commonly found with American Express® credit cards, such as auto rental insurance, a purchase protection plan, and up to $100,000 in travel accident insurance.
This card has an annual fee of $35 that is waived the first year, and the APR for purchases is reasonable for a reward card.
Therefore, those who plan to take advantage of the Savings Accelerator Plan rebate program and the various standard services will benefit most from what the One from American Express® has to offer.
